The City of Richmond has been feeling an increased need for additional affordable housing for its citizens. Richmond’s housing sector has gotten d continued growth, resulting in terms of increase in real estate prices and rental rates. These rising costs have proven out of reach for an increasing number of Richmond citizens. The updated Affordable Housing Strategy was adopted by Council on March 12, 2018. The Strategy is based on that the City is successful in providing a range of housing options for households of different ages, family types, and incomes. The Strategy classifies 5 Strategic directions and uses regulatory tools to encourage a diverse mix of housing types and tenures as well as to utilize full use of city resources and use for financial tools with non-profit housing and service providers and also strengthen partnership opportunities.

The City of Richmond has been experiencing an increasing need for additional affordable housing for its citizens. Richmond’s housing sector has seen significant and continued growth, resulting in the escalation of real estate prices and rental rates alike. These rising costs have proven out of reach for an increasing number of Richmond citizens. The updated Affordable Housing Strategy was adopted by Council on March 12, 2018. A central focus of the Strategy is to ensure that the City is successful in providing a range of housing options for households of different ages, family types and incomes. The Strategy identifies 5 Strategic Directions to focus on for the next 10 years: use regulatory tools to encourage a diverse mix of housing types and tenures; maximize use of city resources and financial tools; build capacity with non-profit housing and service providers; facilitate and strengthen partnership opportunities; and increase advocacy and education roles.